What is Tiga Acquisition's operating income?

Tiga Acquisition's total operating income in 2025 was $126.29 million, based on the following breakdown: Total Gross Profit: $327.34 million Total Operating Expenses: $201.05 million

Tiga Acquisition (TINV) Financials

$15.25 -0.41 (-2.62%)

As of 09/4/2026

Annual Income Statements for Tiga Acquisition

This table shows Tiga Acquisition's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	5.06	0.85	-56	-131	95
Consolidated Net Income / (Loss)	5.06	0.85	-56	-131	95
Net Income / (Loss) Continuing Operations	5.06	0.85	-56	-131	95
Total Pre-Tax Income	6.30	-0.01	-52	-118	119
Total Operating Income	24	13	55	93	126
Total Gross Profit	108	144	192	257	327
Total Revenue	146	195	260	345	440
Operating Revenue	146	195	260	345	440
Total Cost of Revenue	37	51	67	88	113
Operating Cost of Revenue	37	51	67	88	113
Total Operating Expenses	85	131	137	164	201
Selling, General & Admin Expense	31	75	80	115	143
Research & Development Expense	11	18	29	33	49
Depreciation Expense	43	38	27	17	8.86
Total Other Income / (Expense), net	-17	-13	-107	-211	-7.68
Interest Expense	19	32	12	0.00	0.00
Interest & Investment Income	-	-	-46	-26	-18
Other Income / (Expense), net	1.29	18	-50	-185	9.97
Income Tax Expense	1.24	-0.86	4.02	13	24
Basic Earnings per Share	$0.03	$0.01	($0.32)	($0.74)	$0.45
Weighted Average Basic Shares Outstanding	152.81M	157.88M	174.17M	175.88M	190.06M
Diluted Earnings per Share	$0.03	$0.01	($0.32)	($0.74)	$0.43
Weighted Average Diluted Shares Outstanding	152.87M	159.17M	174.17M	175.88M	195.18M
Weighted Average Basic & Diluted Shares Outstanding	34.50M	173.75M	175.06M	208.25M	185.15M

This table shows Tiga Acquisition's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	-45	-9.41	-22	25	-124	27	17	31	20	27	18
Consolidated Net Income / (Loss)	-45	-9.41	-22	25	-124	27	17	31	20	27	18
Net Income / (Loss) Continuing Operations	-45	-9.41	-22	25	-124	27	17	31	20	27	18
Total Pre-Tax Income	-43	-6.73	-17	30	-124	32	21	40	26	36	23
Total Operating Income	16	19	25	28	20	25	24	45	31	43	33
Total Gross Profit	54	56	61	66	74	69	77	87	94	97	104
Total Revenue	72	75	82	89	98	94	104	116	126	130	138
Operating Revenue	72	75	82	89	98	94	104	116	126	130	138
Total Cost of Revenue	18	20	21	23	24	25	27	29	32	33	35
Operating Cost of Revenue	18	20	21	23	24	25	27	29	32	33	35
Total Operating Expenses	37	36	37	38	53	44	52	42	63	55	71
Selling, General & Admin Expense	28	27	25	25	38	30	36	29	47	38	50
Research & Development Expense	4.35	5.74	7.75	8.81	11	10	13	11	15	16	20
Depreciation Expense	5.20	4.12	4.24	4.24	4.32	3.48	3.07	1.26	1.05	0.98	0.90
Total Other Income / (Expense), net	-60	-26	-42	1.89	-145	6.18	-3.05	-5.32	-5.48	-6.81	-9.61
Interest & Investment Income	-	-7.19	-6.67	-6.40	-	-3.88	-3.56	-4.67	-5.54	-6.61	-7.64
Other Income / (Expense), net	-38	-19	-35	8.29	-139	10	0.51	-0.65	0.06	-0.20	-1.97
Income Tax Expense	1.30	2.68	4.97	5.59	-0.53	4.55	4.65	9.09	5.57	9.17	5.15
Basic Earnings per Share	($0.26)	($0.05)	($0.13)	$0.14	($0.70)	$0.14	$0.08	$0.16	$0.07	$0.15	$0.10
Weighted Average Basic Shares Outstanding	174.17M	175.52M	175.68M	176.03M	175.88M	189.77M	195.97M	189.71M	190.06M	183.32M	176.76M
Diluted Earnings per Share	($0.26)	($0.05)	($0.13)	$0.09	($0.65)	$0.09	$0.08	$0.16	$0.10	$0.14	$0.10
Weighted Average Diluted Shares Outstanding	174.17M	175.52M	175.68M	179.96M	175.88M	201.05M	199.84M	192.56M	195.18M	185.09M	178.96M
Weighted Average Basic & Diluted Shares Outstanding	175.06M	175.68M	175.99M	176.61M	208.25M	195.88M	191.98M	184.73M	185.15M	177.73M	173.82M

This table details how cash moves in and out of Tiga Acquisition's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-26	-7.05	19	31	28
Net Cash From Operating Activities	34	51	36	95	142
Net Cash From Continuing Operating Activities	34	51	36	95	142
Net Income / (Loss) Continuing Operations	5.06	0.85	-56	-131	95
Consolidated Net Income / (Loss)	5.06	0.85	-56	-131	95
Depreciation Expense	43	38	27	17	8.86
Amortization Expense	2.30	1.28	1.82	0.91	0.91
Non-Cash Adjustments To Reconcile Net Income	-0.91	20	78	223	48
Changes in Operating Assets and Liabilities, net	-15	-8.76	-15	-15	-11
Net Cash From Investing Activities	-3.80	-5.59	-4.23	-5.35	-8.62
Net Cash From Continuing Investing Activities	-3.80	-5.59	-4.23	-5.35	-8.62
Purchase of Property, Plant & Equipment	-0.27	-0.43	-4.23	-5.35	-8.62
Net Cash From Financing Activities	-56	-52	-13	-59	-105
Net Cash From Continuing Financing Activities	-56	-52	-13	-59	-105
Repayment of Debt	-58	-10	-359	-51	-311
Repurchase of Common Equity	-	-	0.00	0.00	-501
Payment of Dividends	0.00	-225	-1.20	0.00	0.00
Issuance of Debt	0.00	231	344	0.00	415
Other Financing Activities, net	1.35	-53	2.72	-8.05	292
Cash Interest Paid	23	18	48	26	20
Cash Income Taxes Paid	9.51	2.24	18	17	21

This table details how cash moves in and out of Tiga Acquisition's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Change in Cash & Equivalents	-2.34	-6.85	-5.20	23	20	197	-135	-114	81	-63	-17
Net Cash From Operating Activities	13	20	16	29	30	24	38	55	25	33	41
Net Cash From Continuing Operating Activities	13	20	16	29	30	24	38	55	25	33	41
Net Income / (Loss) Continuing Operations	-45	-9.41	-22	25	-124	27	17	31	20	27	18
Consolidated Net Income / (Loss)	-45	-9.41	-22	25	-124	27	17	31	20	27	18
Depreciation Expense	5.20	4.12	4.24	4.24	4.32	3.48	3.07	1.26	1.05	0.98	0.90
Amortization Expense	0.37	0.23	0.22	0.23	0.23	0.22	0.22	0.23	0.24	0.30	0.30
Non-Cash Adjustments To Reconcile Net Income	55	27	43	-0.63	154	1.73	17	6.72	22	16	23
Changes in Operating Assets and Liabilities, net	-2.85	-1.07	-9.05	0.60	-5.23	-8.66	0.28	16	-19	-10	-1.33
Net Cash From Investing Activities	-0.74	-1.15	-1.70	-1.24	-1.26	-0.63	-0.88	-4.21	-2.90	-1.61	-6.85
Net Cash From Continuing Investing Activities	-0.74	-1.15	-1.70	-1.24	-1.26	-0.63	-0.88	-4.21	-2.90	-1.61	-6.85
Purchase of Property, Plant & Equipment	-3.99	-1.15	-0.18	-0.32	-4.65	-0.63	-0.88	-4.21	-2.90	-1.61	-2.85
Net Cash From Financing Activities	-15	-26	-19	-5.11	-8.24	174	-172	-166	59	-95	-51
Net Cash From Continuing Financing Activities	-15	-26	-19	-5.11	-8.24	174	-172	-166	59	-95	-51
Repayment of Debt	-360	-26	-18	-3.75	-3.75	-3.75	-3.75	-3.75	-300	-5.00	-5.00
Repurchase of Common Equity	-	0.00	-	-	-	-132	-159	-160	-50	-100	-60
Other Financing Activities, net	0.58	-0.40	-1.81	-1.36	-4.49	309	-9.25	-2.15	-5.91	9.83	14
Cash Interest Paid	13	2.67	11	6.57	5.70	1.86	5.15	5.26	7.83	6.73	6.84
Cash Income Taxes Paid	12	0.00	7.13	2.83	7.47	0.00	1.34	-0.44	20	0.49	3.35

This table presents Tiga Acquisition's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	280	450	439	445	479	531
Total Current Assets	1.41	44	43	72	117	166
Cash & Equivalents	1.14	16	8.73	28	59	87
Accounts Receivable	-	18	22	34	50	68
Prepaid Expenses	0.26	2.33	7.62	4.19	2.75	5.10
Other Current Assets	-	7.92	4.40	6.05	5.49	5.94
Plant, Property, & Equipment, net	0.00	2.37	2.02	1.58	1.67	1.15
Total Noncurrent Assets	279	403	394	371	360	364
Long-Term Investments	-	-	-	-	-	1.68
Goodwill	-	259	276	276	276	276
Intangible Assets	-	143	112	90	79	79
Other Noncurrent Operating Assets	279	1.48	5.99	5.80	4.87	7.63
Total Liabilities & Shareholders' Equity	280	450	439	445	479	531
Total Liabilities	56	186	435	463	611	484
Total Current Liabilities	0.06	30	62	61	68	85
Short-Term Debt	-	3.84	22	15	15	20
Accounts Payable	-	5.98	21	26	33	41
Current Deferred Revenue	-	20	19	19	20	24
Total Noncurrent Liabilities	56	157	373	402	543	399
Long-Term Debt	-	133	338	326	276	376
Noncurrent Deferred & Payable Income Tax Liabilities	-	21	13	4.67	0.00	1.39
Other Noncurrent Operating Liabilities	56	2.41	22	70	266	22
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-54	263	4.05	-18	-132	47
Total Preferred & Common Equity	-54	263	4.05	-18	-132	47
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-54	263	4.05	-18	-132	47
Common Stock	0.00	269	9.10	45	75	144
Retained Earnings	-54	-5.90	-5.04	-61	-192	-97

This table presents Tiga Acquisition's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026	6/30/2026
Total Assets	463	445	449	438	435	456	679	548	439	471	463
Total Current Assets	74	63	72	68	68	93	320	189	77	105	93
Cash & Equivalents	34	22	30	22	16	39	256	121	6.33	24	6.50
Accounts Receivable	29	31	32	36	40	44	53	57	59	70	70
Prepaid Expenses	8.00	6.12	5.94	6.79	5.47	5.19	6.17	6.46	6.18	5.12	8.99
Other Current Assets	3.99	4.06	3.92	4.34	5.88	4.38	4.45	4.98	5.98	5.40	7.86
Plant, Property, & Equipment, net	1.86	1.73	1.52	1.58	1.55	1.65	1.56	1.51	1.46	0.95	0.79
Total Noncurrent Assets	387	380	375	368	366	362	358	357	360	365	369
Long-Term Investments	-	-	-	-	-	-	-	-	-	-	3.83
Goodwill	276	276	276	276	276	276	276	276	276	276	276
Intangible Assets	106	99	94	87	85	82	76	74	78	81	83
Other Noncurrent Operating Assets	5.74	5.50	5.30	4.70	5.21	4.67	4.93	5.90	5.23	8.53	6.44
Total Liabilities & Shareholders' Equity	463	445	449	438	435	456	679	548	439	471	463
Total Liabilities	469	424	425	460	477	470	360	360	368	470	475
Total Current Liabilities	85	66	67	63	60	63	76	76	94	79	84
Short-Term Debt	23	22	24	15	15	15	15	15	15	20	20
Accounts Payable	44	25	24	29	26	28	40	40	55	35	40
Current Deferred Revenue	18	19	19	19	19	20	21	22	23	25	25
Total Noncurrent Liabilities	384	358	358	397	417	406	284	284	274	391	390
Long-Term Debt	337	321	319	300	283	279	272	268	265	371	366
Noncurrent Deferred & Payable Income Tax Liabilities	10	7.62	5.46	4.56	3.82	3.42	-	-	-	1.39	1.39
Other Noncurrent Operating Liabilities	37	30	33	90	129	123	11	14	8.77	16	22
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-5.64	21	24	-22	-42	-13	320	188	71	0.84	-12
Total Preferred & Common Equity	-5.64	21	24	-22	-42	-13	320	188	71	0.84	-12
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-5.64	21	24	-22	-42	-13	320	188	71	0.84	-12
Common Stock	32	36	40	52	57	62	504	366	188	71	41
Retained Earnings	-38	-16	-16	-70	-93	-68	-165	-148	-117	-70	-53

This table displays calculated financial ratios and metrics derived from Tiga Acquisition's official financial filings.

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	-	-	-	-	184,734,121.00
DEI Adjusted Shares Outstanding	-	-	-	-	184,734,121.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	0.51
Growth Metrics	-	-	-	-	-
Profitability Metrics	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	19	9.12	39	65	101
Return On Investment Capital (ROIC_SIMPLE)	-	-	11.96%	40.52%	22.65%
Earnings before Interest and Taxes (EBIT)	25	32	5.84	-93	136
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	71	70	35	-75	146
Valuation Ratios	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	38	98	261	-157
Efficiency Ratios	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-
Invested Capital	385	356	297	101	358
Increase / (Decrease) in Invested Capital	0.00	-29	-59	-196	258
Book Value per Share	$7.63	$0.12	($0.10)	($0.75)	$0.25
Tangible Book Value per Share	($4.02)	($11.12)	($2.20)	($2.75)	($1.66)
Total Capital	400	365	325	160	445
Total Debt	137	361	343	292	398
Total Long-Term Debt	133	338	328	277	378
Net Debt	121	352	315	232	311
Capital Expenditures (CapEx)	0.27	0.43	4.23	5.35	8.62
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2.08	-5.24	-1.50	5.02	14
Debt-free Net Working Capital (DFNWC)	18	3.48	26	64	101
Net Working Capital (NWC)	14	-19	11	49	81
Net Nonoperating Expense (NNE)	14	8.27	95	196	6.13
Net Nonoperating Obligations (NNO)	121	352	315	232	311
Total Depreciation and Amortization (D&A)	46	39	29	18	9.77
Earnings Adjustments	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.34	$0.01	($0.32)	($0.74)	$0.45
Adjusted Weighted Average Basic Shares Outstanding	34.50M	157.88M	174.17M	175.88M	190.06M
Adjusted Diluted Earnings per Share	$1.34	$0.01	($0.32)	($0.74)	$0.43
Adjusted Weighted Average Diluted Shares Outstanding	34.50M	159.17M	174.17M	175.88M	195.18M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	34.50M	173.75M	175.06M	208.25M	185.15M
Normalized Net Operating Profit after Tax (NOPAT)	19	9.12	39	65	101
Debt Service Ratios	-	-	-	-	-
Payout Ratios	-	-	-	-	-

This table displays calculated financial ratios and metrics derived from Tiga Acquisition's official financial filings.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	184,734,121.00	185,147,713.00	177,725,977.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	184,734,121.00	185,147,713.00	177,725,977.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	0.11	0.14	0.10
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	32.20%	35.01%	33.81%	27.14%	35.42%	24.68%	26.57%	29.60%	-	38.33%	32.54%
EBITDA Growth	-149.90%	158.41%	-121.23%	116.29%	-615.16%	713.99%	544.61%	11.99%	-	11.90%	12.70%
EBIT Growth	-201.44%	106.95%	-150.90%	186.07%	-451.77%	7,622.22%	330.36%	21.58%	-	19.97%	22.83%
NOPAT Growth	-36.00%	124.14%	-54.25%	366.83%	24.73%	61.22%	10.68%	51.00%	-	46.42%	32.42%
Net Income Growth	-942.99%	71.41%	-200.42%	5,747.83%	-176.68%	387.25%	174.20%	24.93%	-	-1.00%	6.64%
EPS Growth	-750.00%	73.68%	-200.00%	0.00%	-150.00%	280.00%	161.54%	77.78%	-	55.56%	25.00%
Operating Cash Flow Growth	-5.91%	140.55%	152.31%	249.51%	126.64%	16.35%	136.71%	90.38%	-	40.65%	8.76%
Free Cash Flow Firm Growth	51.49%	258.45%	318.04%	212.25%	198.61%	-193.25%	-177.46%	-157.27%	-	123.32%	113.44%
Invested Capital Growth	-16.58%	-14.74%	-29.42%	-28.12%	-66.05%	28.67%	45.71%	42.27%	-	5.29%	3.68%
Revenue Q/Q Growth	2.60%	4.52%	9.29%	8.48%	9.29%	-3.77%	10.95%	11.08%	-	3.15%	6.31%
EBITDA Q/Q Growth	-184.15%	130.04%	-231.65%	749.87%	-378.24%	134.19%	-28.09%	63.70%	-	34.12%	-27.58%
EBIT Q/Q Growth	-268.25%	102.13%	-2,450.76%	439.89%	-424.53%	129.78%	-29.87%	79.38%	-	35.57%	-28.21%
NOPAT Q/Q Growth	232.00%	17.74%	27.52%	34.64%	-38.30%	52.18%	-12.46%	83.68%	-	29.58%	-20.83%
Net Income Q/Q Growth	-10,143.25%	78.99%	-138.40%	210.07%	-601.81%	121.82%	-38.42%	85.32%	-	32.03%	-33.67%
EPS Q/Q Growth	0.00%	80.77%	-160.00%	169.23%	-822.22%	113.85%	-11.11%	100.00%	-	40.00%	-28.57%
Operating Cash Flow Q/Q Growth	56.38%	56.93%	-22.49%	83.75%	1.40%	-19.44%	57.69%	47.79%	-	35.17%	21.93%
Free Cash Flow Firm Q/Q Growth	166.99%	-16.45%	93.80%	0.31%	78.20%	-126.92%	-60.97%	25.84%	-	105.67%	-7.22%
Invested Capital Q/Q Growth	-12.04%	-7.25%	-11.79%	0.64%	-58.45%	248.85%	-0.11%	-1.74%	-	3.33%	-1.64%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	74.63%	73.96%	74.50%	74.35%	75.37%	73.87%	73.70%	75.02%	-	74.92%	74.98%
EBITDA Margin	-22.21%	6.38%	-7.69%	46.06%	-117.27%	41.67%	27.01%	39.80%	-	33.71%	22.96%
Operating Margin	22.69%	25.56%	29.82%	31.78%	20.90%	27.03%	23.36%	39.08%	-	32.88%	23.53%
EBIT Margin	-29.92%	0.61%	-13.10%	41.06%	-121.92%	37.73%	23.85%	38.51%	-	32.73%	22.10%
Profit (Net Income) Margin	-62.10%	-12.48%	-27.23%	27.63%	-126.87%	28.76%	15.96%	26.63%	-	20.59%	12.84%
Tax Burden Percent	102.99%	139.85%	128.44%	81.53%	99.58%	85.58%	78.14%	77.24%	-	74.47%	77.51%
Interest Burden Percent	201.50%	-1,465.36%	161.81%	82.55%	104.51%	89.07%	85.66%	89.53%	-	84.47%	74.98%
Effective Tax Rate	0.00%	0.00%	0.00%	18.47%	0.00%	14.42%	21.86%	22.76%	-	25.53%	22.49%
Return on Invested Capital (ROIC)	12.63%	16.82%	21.49%	28.50%	25.35%	26.89%	23.73%	42.27%	-	32.28%	25.99%
ROIC Less NNEP Spread (ROIC-NNEP)	-4.22%	9.46%	8.37%	29.04%	-25.10%	30.12%	22.66%	40.71%	-	29.75%	23.23%
Return on Net Nonoperating Assets (RNNOA)	197.59%	-212.56%	-241.23%	1,539.55%	91.72%	33.10%	69.33%	375.16%	-	37.24%	71.23%
Return on Equity (ROE)	210.23%	-195.74%	-219.73%	1,568.05%	117.07%	59.98%	93.06%	417.43%	-	69.52%	97.21%
Cash Return on Invested Capital (CROIC)	29.97%	31.50%	52.94%	54.09%	131.20%	-2.96%	-13.92%	-7.42%	-	25.41%	28.94%
Operating Return on Assets (OROA)	-17.59%	0.38%	-8.94%	28.95%	-90.98%	24.54%	18.69%	35.40%	-	27.08%	22.30%
Return on Assets (ROA)	-36.51%	-7.74%	-18.57%	19.48%	-94.67%	18.70%	12.51%	24.48%	-	17.03%	12.96%
Return on Common Equity (ROCE)	210.23%	-195.87%	-220.10%	1,568.05%	117.07%	59.98%	93.05%	417.43%	-	69.52%	97.21%
Return on Equity Simple (ROE_SIMPLE)	0.00%	146.47%	184.44%	387.32%	0.00%	-29.57%	0.00%	0.00%	-	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	11	13	17	23	14	22	19	35	25	32	25
NOPAT Margin	15.88%	17.89%	20.87%	25.91%	14.63%	23.13%	18.25%	30.19%	-	24.49%	18.24%
Net Nonoperating Expense Percent (NNEP)	16.85%	7.36%	13.12%	-0.54%	50.45%	-3.23%	1.07%	1.55%	-	2.53%	2.76%
Return On Investment Capital (ROIC_SIMPLE)	3.53%	-	-	-	8.93%	3.58%	4.03%	9.94%	5.51%	8.07%	6.73%
Cost of Revenue to Revenue	25.37%	26.04%	25.50%	25.65%	24.63%	26.13%	26.30%	24.98%	-	25.08%	25.02%
SG&A Expenses to Revenue	38.70%	35.32%	30.12%	27.96%	39.29%	32.19%	34.98%	25.27%	-	29.02%	36.10%
R&D to Revenue	6.04%	7.62%	9.42%	9.86%	10.76%	10.95%	12.42%	9.58%	-	12.26%	14.70%
Operating Expenses to Revenue	51.94%	48.40%	44.68%	42.57%	54.47%	46.84%	50.34%	35.94%	-	42.03%	51.45%
Earnings before Interest and Taxes (EBIT)	-22	0.46	-11	37	-119	35	25	45	31	43	31
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-16	4.81	-6.33	41	-114	39	28	46	33	44	32
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	11.66	23.69	40.64	-	2,667.98	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Price to Revenue (P/Rev)	5.91	6.35	7.17	6.58	9.14	10.26	11.55	7.01	-	4.70	5.01
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	23.69	26.72
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	4.22%	3.74%
Enterprise Value to Invested Capital (EV/IC)	6.23	7.57	10.09	9.71	33.56	10.69	13.12	9.15	-	7.04	8.04
Enterprise Value to Revenue (EV/Rev)	7.12	7.41	8.11	7.38	9.82	10.35	11.97	7.67	-	5.48	5.75
Enterprise Value to EBITDA (EV/EBITDA)	53.30	54.94	1,629.69	99.76	0.00	0.00	0.00	0.00	-	17.31	18.99
Enterprise Value to EBIT (EV/EBIT)	316.51	160.29	0.00	493.53	0.00	0.00	0.00	0.00	-	18.19	19.66
Enterprise Value to NOPAT (EV/NOPAT)	47.66	44.70	45.30	38.00	52.19	54.40	66.85	39.10	-	23.63	25.16
Enterprise Value to Operating Cash Flow (EV/OCF)	51.17	43.01	42.20	30.03	35.63	38.24	38.43	21.59	-	17.25	18.97
Enterprise Value to Free Cash Flow (EV/FCFF)	18.91	22.12	15.78	15.01	12.97	0.00	0.00	0.00	-	28.42	28.30
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-18.74	-14.39	-7.17	-22.02	-2.22	0.90	1.52	3.95	-	468.76	-32.91
Long-Term Debt to Equity	-17.92	-13.71	-6.81	-20.90	-2.10	0.85	1.44	3.74	-	444.93	-31.21
Financial Leverage	-46.85	-22.48	-28.82	53.02	-3.65	1.10	3.06	9.21	-	1.25	3.07
Leverage Ratio	-62.04	-32.58	-41.99	84.28	-6.16	3.75	6.73	15.56	-	3.59	5.74
Compound Leverage Factor	-125.01	477.44	-67.95	69.57	-6.44	3.34	5.77	13.93	-	3.03	4.31
Debt to Total Capital	105.64%	107.47%	116.21%	104.76%	182.25%	47.36%	60.25%	79.82%	-	99.79%	103.13%
Short-Term Debt to Total Capital	4.62%	5.09%	5.83%	5.32%	9.38%	2.47%	3.18%	4.27%	-	5.07%	5.34%
Long-Term Debt to Total Capital	101.01%	102.38%	110.39%	99.43%	172.87%	44.89%	57.07%	75.55%	-	94.71%	97.79%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%
Common Equity to Total Capital	-5.64%	-7.47%	-16.22%	-4.76%	-82.25%	52.64%	39.75%	20.18%	-	0.21%	-3.13%
Debt to EBITDA	9.88	8.42	200.40	12.50	-3.89	-7.10	-47.09	-253.69	-	2.61	2.50
Net Debt to EBITDA	9.08	7.84	189.46	10.84	-3.10	-0.79	-27.09	-247.97	-	2.45	2.44
Long-Term Debt to EBITDA	9.45	8.02	190.36	11.86	-3.69	-6.73	-44.61	-240.13	-	2.48	2.37
Debt to NOPAT	8.83	6.85	5.57	4.76	4.50	4.16	4.12	3.47	-	3.56	3.32
Net Debt to NOPAT	8.12	6.38	5.27	4.13	3.59	0.46	2.37	3.40	-	3.35	3.23
Long-Term Debt to NOPAT	8.45	6.52	5.29	4.52	4.27	3.95	3.91	3.29	-	3.38	3.15
Altman Z-Score	2.25	2.75	3.04	3.51	2.56	7.02	8.13	5.55	-	4.02	4.41
Noncontrolling Interest Sharing Ratio	0.00%	-0.07%	-0.17%	0.00%	0.00%	0.01%	0.01%	0.00%	-	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.18	1.09	1.14	1.46	1.73	4.22	2.48	0.82	-	1.32	1.10
Quick Ratio	1.01	0.91	0.95	1.31	1.60	4.08	2.33	0.69	-	1.18	0.90
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	70	61	118	118	210	-57	-91	-68	-233	13	12
Operating Cash Flow to CapEx	326.67%	10,486.67%	8,805.56%	8,989.20%	635.67%	3,788.69%	4,263.41%	1,318.33%	-	2,078.63%	1,434.31%
Free Cash Flow to Firm to Interest Expense	0.00	8.45	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	2.85	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	2.82	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.59	0.62	0.68	0.71	0.75	0.65	0.78	0.92	-	0.83	1.01
Accounts Receivable Turnover	9.22	8.69	8.45	8.36	8.25	8.17	7.91	8.01	-	7.71	8.05
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Fixed Asset Turnover	144.39	162.67	183.23	201.45	212.54	231.80	251.95	264.15	-	379.05	444.29
Accounts Payable Turnover	2.84	1.99	3.06	3.15	2.95	2.69	3.03	2.50	-	3.22	3.23
Days Sales Outstanding (DSO)	39.59	42.01	43.21	43.63	44.22	44.70	46.15	45.59	-	47.32	45.37
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Days Payable Outstanding (DPO)	128.71	183.41	119.30	116.05	123.57	135.93	120.31	145.89	-	113.24	113.14
Cash Conversion Cycle (CCC)	-89.12	-141.40	-76.09	-72.42	-79.35	-91.23	-74.17	-100.30	-	-65.92	-67.77
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	297	273	241	243	101	352	351	345	358	370	364
Invested Capital Turnover	0.80	0.94	1.03	1.10	1.73	1.16	1.30	1.40	-	1.32	1.42
Increase / (Decrease) in Invested Capital	-59	-47	-101	-95	-196	78	110	103	258	19	13
Enterprise Value (EV)	1,850	2,069	2,433	2,356	3,383	3,760	4,610	3,158	-	2,608	2,930
Market Capitalization	1,534	1,773	2,150	2,100	3,151	3,728	4,447	2,884	-	2,238	2,554
Book Value per Share	($0.10)	($0.13)	($0.24)	($0.08)	($0.75)	$1.54	$0.96	$0.37	$0.25	$0.00	($0.07)
Tangible Book Value per Share	($2.20)	($2.20)	($2.29)	($2.11)	($2.75)	($0.15)	($0.83)	($1.47)	($1.66)	($1.92)	($2.08)
Total Capital	325	295	257	282	160	608	472	352	445	394	375
Total Debt	343	317	299	295	292	288	284	281	398	393	386
Total Long-Term Debt	328	302	284	280	277	273	269	266	378	373	366
Net Debt	315	295	283	256	232	32	164	274	311	369	376
Capital Expenditures (CapEx)	3.99	0.20	0.18	0.32	4.65	0.63	0.88	4.21	2.90	1.61	2.85
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1.50	-1.16	6.77	5.20	5.02	3.06	7.10	-7.91	14	21	22
Debt-free Net Working Capital (DFNWC)	26	20	23	44	64	259	128	-1.58	101	45	29
Net Working Capital (NWC)	11	5.39	8.11	29	49	244	113	-17	81	25	8.53
Net Nonoperating Expense (NNE)	56	23	40	-1.54	138	-5.29	2.39	4.11	4.30	5.07	7.45
Net Nonoperating Obligations (NNO)	315	295	283	256	232	32	164	274	311	369	376
Total Depreciation and Amortization (D&A)	5.56	4.35	4.46	4.47	4.54	3.70	3.29	1.49	1.29	1.28	1.19
Debt-free, Cash-free Net Working Capital to Revenue	-0.58%	-0.42%	2.26%	1.63%	1.46%	0.84%	1.84%	-1.92%	-	4.47%	4.32%
Debt-free Net Working Capital to Revenue	10.05%	7.30%	7.70%	13.89%	18.62%	71.29%	33.22%	-0.38%	-	9.47%	5.60%
Net Working Capital to Revenue	4.28%	1.93%	2.70%	9.19%	14.27%	67.16%	29.32%	-4.03%	-	5.27%	1.67%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.26)	($0.05)	($0.13)	$0.14	($0.70)	$0.14	$0.08	$0.16	$0.07	$0.15	$0.10
Adjusted Weighted Average Basic Shares Outstanding	174.17M	175.52M	175.68M	176.03M	175.88M	189.77M	195.97M	189.71M	190.06M	183.32M	176.76M
Adjusted Diluted Earnings per Share	($0.26)	($0.05)	($0.13)	$0.09	($0.65)	$0.09	$0.08	$0.16	$0.10	$0.14	$0.10
Adjusted Weighted Average Diluted Shares Outstanding	174.17M	175.52M	175.68M	179.96M	175.88M	201.05M	199.84M	192.56M	195.18M	185.09M	178.96M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	175.06M	175.68M	175.99M	176.61M	208.25M	195.88M	191.98M	184.73M	185.15M	177.73M	173.82M
Normalized Net Operating Profit after Tax (NOPAT)	11	13	17	23	14	22	19	35	25	32	25
Normalized NOPAT Margin	15.88%	17.89%	20.87%	25.91%	14.63%	23.13%	18.25%	30.19%	-	24.49%	18.24%
Pre Tax Income Margin	-60.29%	-8.93%	-21.20%	33.89%	-127.41%	33.61%	20.43%	34.48%	-	27.64%	16.57%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.06	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
NOPAT to Interest Expense	0.00	1.88	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.04	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	1.85	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-2.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%
Augmented Payout Ratio	-2.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	495.81%	386.84%

Financials Breakdown Chart

Key Financial Trends

Grindr’s operating performance has improved substantially, but its balance sheet has become increasingly dependent on debt and continued cash generation. The company’s quarterly revenue increased from $61.5 million in Q2 2023 to $138.1 million in Q2 2026, representing growth of approximately 124% over the period. Q2 2026 revenue rose 32.5% year over year and 6.3% from Q1 2026.

Profitability has also generally strengthened. Gross profit reached $103.6 million in Q2 2026, up from $76.8 million in Q2 2025, while the gross margin improved to approximately 75.0% from 73.7%. Operating income was $32.5 million, producing a 23.5% operating margin. However, net income increased only 6.6% year over year to $17.7 million because of higher net other expenses, including approximately $7.6 million of interest and investment expense.

Cash generation remains a significant positive. Operating cash flow was $40.8 million in Q2 2026, up from $37.5 million in Q2 2025 and well above the $15.9 million generated in Q2 2024. The company generated more than twice as much operating cash flow as reported net income in Q2 2026, partly because of $23.2 million in non-cash adjustments.

Despite that operating strength, Grindr used $60.0 million for share repurchases and repaid $5.0 million of debt during Q2 2026. As a result, cash declined by $17.3 million during the quarter to just $6.5 million. Cash has fallen sharply from $255.9 million at the end of Q1 2025, although that earlier balance was boosted by financing activity and is not necessarily representative of ongoing liquidity.

Strong revenue growth: Q2 revenue rose from $61.5 million in 2023 to $138.1 million in 2026, with 32.5% year-over-year growth in the latest quarter.
Healthy gross margins: The Q2 2026 gross margin was approximately 75.0%, slightly above Q2 2025 and materially higher than the roughly 66% margin reported in Q2 2023.
Consistent operating profitability: Grindr has reported positive operating income in each comparable Q2 period, and Q2 2026 operating income increased to $32.5 million from $24.3 million a year earlier.
Improving operating cash flow: Operating cash flow increased to $40.8 million in Q2 2026, providing internal funding for investments, debt repayment and shareholder returns.
Share count reduction: Weighted-average basic shares declined to 176.8 million in Q2 2026 from 196.0 million in Q2 2025, which can support per-share results if repurchases are sustained responsibly.
Accounts receivable growth requires monitoring: Accounts receivable reached $69.7 million in Q2 2026, up from $30.8 million in Q2 2023. The increase is partly consistent with revenue growth, but collections and working-capital efficiency remain important.
Large intangible asset base: Goodwill and intangible assets totaled approximately $358.8 million, or about 78% of total assets, making the company’s reported asset value sensitive to potential impairment charges.
Very limited cash cushion: Cash and equivalents fell to $6.5 million at June 30, 2026, down from $23.8 million at the end of Q1 2026 and $120.8 million a year earlier.
High leverage and rising interest burden: Total debt was approximately $386.3 million in Q2 2026, including $366.3 million of long-term debt. Cash interest paid was $6.8 million in the quarter, reducing the benefit of operating profit.
Negative shareholders’ equity: Total equity was negative $11.7 million at June 30, 2026, compared with positive equity in Q2 2025. Continued buybacks, accumulated deficits and debt-funded capital allocation could increase financial risk if operating growth slows.

Investor takeaway: Grindr’s core business shows attractive growth, strong gross margins and positive cash generation. The key issue is whether that cash flow can keep pace with debt service, aggressive share repurchases and the company’s shrinking cash balance. Investors should focus on future operating cash flow, debt reduction, interest costs and whether equity returns are being funded sustainably rather than through increased financial leverage.

09/08/26 11:53 AM ETAI Generated. May Contain Errors.

Tiga Acquisition Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Tiga Acquisition's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Tiga Acquisition's net income appears to be on a downward trend, with a most recent value of $94.75 million in 2025, rising from $5.06 million in 2021. The previous period was -$131.00 million in 2024.

Tiga Acquisition's total operating income in 2025 was $126.29 million, based on the following breakdown:

Total Gross Profit: $327.34 million
Total Operating Expenses: $201.05 million

Over the last 4 years, Tiga Acquisition's total revenue changed from $145.83 million in 2021 to $439.90 million in 2025, a change of 201.6%.

Tiga Acquisition's total liabilities were at $484.03 million at the end of 2025, a 20.7% decrease from 2024, and a 768.8% increase since 2020.

In the past 5 years, Tiga Acquisition's cash and equivalents has ranged from $1.14 million in 2020 to $87.05 million in 2025, and is currently $87.05 million as of their latest financial filing in 2025.

Over the last 4 years, Tiga Acquisition's book value per share changed from 7.63 in 2021 to 0.25 in 2025, a change of -96.7%.

Financial statements for NYSE:TINV last updated on 8/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Tiga Acquisition (TINV) Financials

Financials Breakdown Chart

Key Financial Trends

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Tiga Acquisition (TINV) Financials

Annual Income Statements for Tiga Acquisition

Quarterly Income Statements for Tiga Acquisition

Annual Cash Flow Statements for Tiga Acquisition

Quarterly Cash Flow Statements for Tiga Acquisition

Annual Balance Sheets for Tiga Acquisition

Quarterly Balance Sheets for Tiga Acquisition

Annual Metrics And Ratios for Tiga Acquisition

Quarterly Metrics And Ratios for Tiga Acquisition

Financials Breakdown Chart

Key Financial Trends

Tiga Acquisition Financials - Frequently Asked Questions

When does Tiga Acquisition's fiscal year end?

How has Tiga Acquisition's net income changed over the last 4 years?

What is Tiga Acquisition's operating income?

How has Tiga Acquisition's revenue changed over the last 4 years?

How much debt does Tiga Acquisition have?

How much cash does Tiga Acquisition have?

How has Tiga Acquisition's book value per share changed over the last 4 years?

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